Sierra Leone has secured a $2.2 billion energy investment aimed at more than doubling national electricity access, following the official endorsement of its Mission 300 Energy Compact by the World Bank Group, the African Development Bank (AfDB), and key development partners.
The announcement was made Wednesday at the Bloomberg Global Forum 2025, marking the largest infrastructure development plan in the country’s history.
Mission 300 sets out to raise electricity coverage from the current 36 percent to 78 percent, focusing on renewable power generation, upgrades to transmission and distribution networks, and cleaner cooking solutions. The initiative also seeks to create a more attractive climate for private sector investment through governance and regulatory reforms.
President Julius Maada Bio, who also serves as Minister of Energy, received the Compact Endorsement Letter during the event.
“Our Mission 300 Energy Compact is the most ambitious and comprehensive energy infrastructure initiative ever developed for Sierra Leone,” Bio said. “This single plan for energy transformation holds the greatest promise for unlocking sustainable and inclusive development for our people.”
The plan was developed in record time by an Inter-Ministerial Coordination Group, co-chaired by Finance Minister Sheku A.F. Bangura and Dr. Kandeh K. Yumkella, who also heads the Presidential Initiative on Climate Change, Renewable Energy and Food Security and the Energy Governance Coordination Group (EGG).
Sierra Leone’s compact is part of Mission 300, a joint effort by the World Bank and AfDB to bring electricity to 300 million people across Africa by 2030, leveraging partnerships with governments, investors, and development agencies to drive economic growth through clean, reliable energy.
